Entries from Chemicals & The Economy tagged with 'CGES'
High oil prices reduce demand, increase supply
New research by the Centre for Global Energy Studies (CGES) suggests that "The price of oil has to come down because supply prospects are so positive. The rate of demand isn't going to grow as in the past as we...
Russian crude supply 'peaking'
Russia is the world’s 2nd largest oil producer. And it has been the main source of increased crude production in recent years. Its output rose 58% between 1999-2006, from 6.2mbd to 9.8mbd. Now Lukoil’s VP, Leonid Fedun, has told...
OPEC seeks lower oil prices
OPEC are sounding a note of concern about the impact of high oil prices on the world economy. Hasan Qabazar, OPEC’s chief economist said yesterday ‘We are trying, hopefully, to reduce high oil prices, to have prices that are more...
NINJA turtles ride again
The head of Germany’s financial regulator is warning that US subprime mortgage problems may be about to lead to the worst banking crisis since 1931. Yesterday, WTI crude broke through its 1980’s highs to hit a new all-time record price...
What price oil?
Crude oil prices are climbing again. $100/bbl is not impossible, if current geo-political concerns continue. And today's tightly balanced market could persist to 2010....
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